© 2026 International Bank for Reconstruction and Development / The World Bank1818 H Street NWWashington, DC 20433Telephone: 202-473-1000Internet: www.worldbank.org Please cite the report as: World Bank. 2026.The World Bank Group in Indonesia: Fiscal Years2013–23. Independent Evaluation Group. World Bank. COVER PHOTOShutterstock/Dudi_Hermawan EDITING AND PRODUCTIONAmanda O’Brien GRAPHIC DESIGNLuísa UlhoaRafaela Sarinho This work is a product of the staff of The World Bank with external contributions. The findings,interpretations, and conclusions expressed in this work do not necessarily reflect the views ofThe World Bank, its Board of Executive Directors, or the governments they represent.The World Bank does not guarantee the accuracy of the data included in this work. Thebound-aries, colors, denominations, and other information shown on any map in this work donot imply any judgment on the part of The World Bank concerning the legal status of anyterritory or theendorsement or acceptance of such boundaries. RIGHTS AND PERMISSIONSThe material in this work is subject to copyright. Because The World Bank encourages dissem- ination of its knowledge, this work may be reproduced, in whole or in part, for noncommercialpurposes as long as full attribution to this work is given. Any queries on rights and licenses, including subsidiary rights, should be addressed to WorldBank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax:202-522-2625; e-mail: pubrights@worldbank.org. The World BankGroup in Indonesia,Fiscal Years 2013–23Country Program EvaluationFebruary 11, 2026 Contents 1.Introduction��������������������������������������������������������������������������������������������������������������1Country Context2Development Gaps32.The World Bank Group’s Engagement in Indonesia����������������������������������������������9The World Bank Group’s Unique Partnership with Indonesia10Relevance and Adaptation of the World Bank Group Portfolio11The Prominent Role of Trust Funds16Performance of the World Bank Group Portfolio183.The World Bank’s Support for More Efficient Public Finances���������������������������20Government Priorities and Challenges21Relevance of World Bank Engagement in Reforming Public Finances21Effectiveness of World Bank Engagement in Reforming Public Finances314.The World Bank’s Support for Stronger Human Capital��������������������������������������42Government Priorities and Challenges44Relevance of World Bank Engagement in Support of Human Capital Development45Effectiveness of World Bank Engagement in Support of Human Capital555.The World Bank Group’s Support to Strengthening the Financial Sector�����������62Government Priorities and Challenges64Relevance of the World Bank Group’s Support to Strengthening the Financial Sector66Effectiveness of the World Bank Group’s Support to Strengthening the Financial Sector70Coordination and Collaboration806.The World Bank Group’s Support for Resilient Urbanization������������������������������84Government Priorities and Challenges85Relevance of the World Bank Group’s Support for Resilient Urbanization86AbbreviationsviAcknowledgmentsviiiOverviewix Effectiveness of the World Bank’s Support for Resilient Urbanization91Climate Change Adaptation and Mitigation97Coordination and Collaboration98 7.Conclusion and Lessons��������������������������������������������������������������������������������������101 Bibliography��������������������������������������������������������������������������������������������������������������104 Boxes Box 4.1. The World Bank’s Engagement in Education48Box 4.2.The Convergence Model of Investing in Nutrition andEarly Years57Box 5.1. Role of State-Owned Enterprises in Indonesia’s Financial Sector65Box 5.2. Indonesia Infrastructure Finance Facility77Box 5.3. Efficiency of the Financial Sector79 Figures Figure 1.1. GDP Growth3Figure 2.1. World Bank Disbursements by Country, 2010–2210Figure 2.2. Indonesia’s Outstanding External Debt by Creditor, 2013–2311Figure 2.3. World Bank Financing to Indonesia by Instrument, FY00–2412Figure 2.4.Evolution of World Bank Commitments Before and Duringthe Evaluation Period, FY09–2314Figure 2.5.International Finance Corporation Net Commitments by Fiscal year,FY09–2415Figure 3.1. World Bank Operational Commitments by Sector, FY13–2322Figure 3.2.World Bank Support Toward Fiscal and Public Financial Management,2013–2324Figure 3.3.Sequencing of World Bank’s Fiscal and Public Financial ManagementEngagements26Figure 3.4.Relevance of Prior Actions Under the Fiscal Reform DevelopmentPolicy Loans (FY16, FY18, FY19, and FY22)27 TableFigure 3.5.World Bank and Trust Fund Finance of Fiscal and Public FinancialManagement–Related Advisory Services and Analytics and TechnicalAssistance, FY09–2429Figure 3.6.Improvement in Indonesia’s Public Expenditure and FinancialAccountability Assessment Results, 2011 and 201733Figure 3.7. World Bank Support Toward Fuel Subsidy Refor